Is a Correction Looming Ahead? Micron Technology, Inc. (MU)

Micron Technology, Inc. (NASDAQ:MU) went down by -1.41% from its latest closing price when compared to the 1-year high value of $54.63 and move down -16.68%, while MU stocks collected -0.78% of loss with the last five trading sessions.

Micron Technology, Inc. (NASDAQ:MU) Worth an Investment?

Micron Technology, Inc. (NASDAQ: MU) scored price to earnings ratio above its average ratio, recording 5.54 times of increase in earnings at the present.

MU Market Performance

MU stocks went down by -0.78% for the week, with the monthly jump of 22.98% and a quarterly performance of 11.18%, while its annual performance rate touched -12.91%. The simple moving average for the period of the last 20 days is 7.83% for MU stocks with the simple moving average of 21.48% for the last 200 days.

Analysts’ Opinion on Micron Technology, Inc. (NASDAQ:MU)

Many brokerage firms have already submitted their reports for MU stocks, with Deutsche Bank repeating the rating for MU shares by setting it to “Buy”. The predicted price for MU socks in the upcoming period according to Deutsche Bank is $55 based on the research report published on July 24, 2019.

Goldman, on the other hand, stated in their research note that they expect to see MU stock at the price of $56, previously predicting the value of $40. The rating they have provided for MU stocks is “Buy” according to the report published on July 22, 2019.

Wedbush gave “Neutral” rating to MU stocks, setting the target price at $56 in the report published on June 27, 2019.

MU Stocks 23.70% Far from 50 Day Moving Average

After a stumble in the market that brought MU to its low price for the period of the last 52 weeks, Micron Technology, Inc. was unable to take a rebound, for now settling with -14.30% of loss for the given period.

The stock volatility was left at 2.96%, however, within the period of a single month, the volatility rate increased by 2.39%, while the shares surge at the distance of +21.33% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +25.49% upper at the present time.

In the course of the last 5 trading sessions, MU went down by -0.78%, which changed the moving average for the period of 200 days to the total of +10.76% of gains for the stock in comparison to the 20-day moving average settled at $43.83. In addition, Micron Technology, Inc. saw 47.56% in overturn over the period of a single year with a tendency to cut further gains.

MU Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Micron Technology, Inc. (MU), starting from ARNZEN APRIL S, who sold 2,400 shares at the price of $48.44 back on Jul 25. After this action, Rushing now owns 76,992 shares of Micron Technology, Inc., valued at $116,256 with the latest closing price.

Deboer Scott J, the EVP, Technology Development of Micron Technology, Inc., sold 8,475 shares at the value of $48.00 during a trade that took place back on Jul 24, which means that Deboer Scott J is holding 130,236 shares at the value of $406,800 based on the most recent closing price.

MU Stock Fundamentals

The current profitability levels are settled at +49.15 for the present operating margin and +58.87 for gross margin. The net margin for Micron Technology, Inc. stands at +46.51. Total capital return value is set at 43.60, while invested capital returns managed to touch 43.77. Equity return holds the value 29.60%, with 22.20% for asset returns.

Based on Micron Technology, Inc. (MU), the company’s capital structure generated 14.36 points for debt to equity in total, while total debt to capital is set at the value of 12.56. Total debt to assets is settled at the value of 10.69 with long-term debt to equity ratio rests at 11.70 and long-term debt to capital is 10.23.

EBITDA value lies at +2.38 B with total debt to EBITDA carrying the value of 0.24. The value for Enterprise to Sales is 1.86 with debt to enterprise value settled at 0.07. The receivables turnover for Micron Technology, Inc. is 6.59 with the total asset turnover at the value of 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.

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